STAND. COM. REP. NO.  881-16

 

Honolulu, Hawaii

                , 2016

 

RE:   H.B. No. 1853

      H.D. 2

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 1853, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS TO ASSIST BIOENERGY HAWAII, LLC,"

 

begs leave to report as follows:

 

     The purpose of this measure is to extend the authorization for the issuance of special purpose revenue bonds to BioEnergy Hawaii, LLC, for the purpose of establishing a cogeneration facility and related energy production facilities for an additional five years.

 

     The Department of Transportation; BioEnergy Hawaii, LLC; Ulupono Initiative; Pacific Waste, Inc.; and Hawaii Gas testified in support of this measure.

 

     Your Committee has amended this measure by changing its effective date to July 1, 2030, to facilitate further discussion.

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1853, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1853, H.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

 

 

____________________________

SYLVIA LUKE, Chair